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ou are given the following data about MQ Limited: Sales = $3,500,000 Net operating profit after taxes = $500,000 Equity = $2,000,000 Operating return on
ou are given the following data about MQ Limited: Sales = $3,500,000 Net operating profit after taxes = $500,000 Equity = $2,000,000 Operating return on assets = 12%. ROE =25% Based on the above data, what is the operating asset turnover for MQ (select the closest answer)? Select one: A. 84%. B. 59%. C. 67%. D. 78%.
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